AGP Executive Report
Last update: 7 hours agoRates and Mortgages: The RBA’s fifth rate rise of 2026 lifted the cash rate to 4.85%, an 18-year high, adding pressure to borrowers. Average mortgage repayments are up about $600 a month, while new home-loan commitments have fallen 27% from their November 2025 peak. Bank Results: NAB reported a lower FY26 profit of $6.1 billion and higher loan-loss charges; its chief executive also warned Australia’s recession risk is rising. Inflation and Confidence: Underlying inflation reached 3.7% in the September quarter, and the RBA has acknowledged public confidence in its inflation fight is slipping. Markets: Australian shares came under pressure as global AI-stock losses spread, with banks among the lagging sectors.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.